Kindersley region generates over $1.3 million in Saskatchewan crown oil and gas offering
The Government of Saskatchewan’s latest Crown oil and natural gas public offering, held on October 7, 2025, generated more than $7 million in revenue, with strong participation across multiple regions.
The Estevan, Lloydminster and Kindersley areas each surpassed $1 million in bids, while Swift Current also contributed to the total sales. Estevan led the way, generating $3,474,184.13 from one exploration licence and 39 leases covering 4,904.474 hectares.
Prairie Land & Investment Services Ltd. made the highest bid of the offering, $863,628.23, for a 1,562.931-hectare exploration licence north of Gainsborough in the Estevan area, averaging $552.57 per hectare. Saturn Oil and Gas Inc. placed the top lease bid, offering $714,906.52 for a 254.766-hectare parcel west of Torquay, also in the Estevan region, at $2,806.13 per hectare.
A total of 90 parcels were posted for this offering, with 85 receiving acceptable bids, covering 12,128.950 hectares in total.
Revenue from other regions included $2,106,595.92 in Lloydminster, $1,317,181.62 in Kindersley, and $440,072.80 in Swift Current.
This October offering was the fourth of six planned for the 2025–26 fiscal year. To date, the government has raised $52,762,018.76 through these offerings, surpassing the total revenue from last fiscal year, which included a record $24 million generated in August 2025.
Leases are offered for five-year terms, allowing companies to drill for and produce oil or natural gas. Exploration licences, with terms ranging from two to five years, are designed for less developed areas to encourage exploration and production. Activity in public offerings is influenced by factors such as oil and gas prices, land availability, geological and technological considerations, and market conditions.
The Government of Saskatchewan continues to foster a stable investment climate for both new and established oil and gas companies, offering a predictable royalty framework and a suite of incentives tailored to all stages of production. According to the Fraser Institute, Saskatchewan ranks as the top Canadian jurisdiction and the third-most attractive jurisdiction globally for oil and gas exploration and production, behind Wyoming and North Dakota.